Bursa Malaysia Stock Watch

PCHEM - Petronas Chems a 'buy': Deutsche Bank

kltrader
Publish date: Thu, 06 Jan 2011, 03:08 PM
kltrader
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Stock Name: PCHEM
Company Name: PETRONAS CHEMICALS GROUP BHD
Research House: DEUTSCHE



Petronas Chemicals Group Bhd, a unit of Malaysia's state oil and gas company, was rated new "buy" at Deutsche Bank AG with a share price estimate of RM6.33.

The company's earnings are likely to rise from the financial year March 31, 2011 after a two-year decline, bolstered by higher product prices and volumes, Deutsche said in a report today. -- Bloomberg

 
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